Entrepreneurs invest a significant amount of time and money into their business but when it comes time to exit, they find that they value they realise is far below what they think it will be.
Much of this has to do with the fact that entrepreneurs spend too much time working “in” rather than “on their business.
There are a number of practical steps that entrepreneurs can take to improve the valuation ascribed to their business. This will make their asset far more attractive when it comes to preparing the business for sale.
Guy Addison from Addison Advisory joins us to look at practical steps that entrepreneurs can take to improve the value of their business.